Transaction / Assets land for office development in Alcântara, LisbonSeller Grupo SILBuyer BedRock Capital Partners€ MM
BedRock Capital Acquires Land for Offices in Alcântara
3 March 2020 – A family office managed by BedRock Capital Partners has acquired land for a mega-project in Alcântara, next to Lisbon’s LX Factory, from Grupo SIL. The two plots are slated for a 37,000-square meter office development.
BedRock will invest a total of €100 million in the long-term project. Plans for the site include two office buildings with a gross above ground construction area of 40,000 m2, along with 681 new parking spaces. Each of the buildings will have an average gross leasable area of 2,600 m2 per floor.
Concurrently, the SIL Group will also build a 270-flat residential complex on the site.
Original Story: Jornal Económico
Translation/Summary: Richard D. Turner